1 Quail Creek Cir, North Liberty, IA 52317
For Sale
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This exceptional executive office building, located at 1 Quail Creek Circle, presents a unique investment opportunity. The 17,427-square-foot building sits on a generous 2.67-acre lot and is offered for sale at $2,400,000 ($137 per square foot), significantly below replacement cost. Alternatively, the property is available for lease. Three distinct office suites are currently available, ranging from 4,400 to 7,191 contiguous square feet. Each suite boasts numerous private offices, restrooms, conference rooms, kitchenettes, reception areas, and cubicles. A full-service lease is available at $20 per square foot, encompassing taxes, insurance, CAM, and utilities. The expansive lot offers significant redevelopment potential. With rezoning, the site could accommodate a multi-family development of up to 100 units. The building's current vacancy is 17,424 square feet, providing immediate occupancy potential for a single tenant or multiple tenants. The minimum divisible space is 4,400 square feet. This property represents a compelling opportunity for both owner-occupiers and investors seeking a prime location and flexible options.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.